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Khaitan & Co. acted as Indian legal counsel to the promoter selling shareholders, JSW Steel Limited and JSW Cement Limited, on the proposed initial public offering of JSW One Platforms Limited, comprising a fresh issue of up to ₹13,000 million and an offer for sale of ₹17,540.10 million.
The book running lead managers of this IPO were IIFL Capital Services Limited (formerly known as IIFL Securities Limited), CLSA India Private Limited and Systematix Corporate Services Limited.
The book running lead managers to the Offer were Motilal Oswal Investment Advisors Limited, Axis Capital Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited).
The book running lead managers to the Issue were JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited (Formerly known as IIFL Securities Limited), SBI Capital Markets Limited and 360 ONE WAM Limited
The transaction is the first IPO by a KKR-promoted company in India.
CAM also advised Amit Kumar Lohia and Gaurav Lohia, promoters of the Company, and certain other shareholders of the Company in their secondary Pre-IPO sale of Equity Shares of the Company aggregating to ₹2,949.50 million.
The Company operates India’s largest multispecialty hospital network by bed capacity and the second largest hospital chain by number of hospitals. The book running lead managers on this deal were Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, UBS Securities India Private Limited and DBS Bank India Limited.
Advent has entered into agreements to acquire a majority shareholding in Sapiens International, a global leader in intelligent SaaS-based software solutions for the insurance industry.
Cyril Amarchand Mangaldas assisted 26North Partners LP, as Indian legal counsel on its acquisition of a controlling stake in AVI-SPL, the global leader in audio-video and unified communications technologies, from Marlin Equity Partners and other selling shareholders.
The IPO has been subscribed 1.61 times overall of the Offer Size and 6.42 times of the non-institutional investors portion.
CAM advised HDB Financial Services Limited (“Company”), as the Indian legal counsel to the Company in its initial public offering of 168,918,917
Cyril Amarchand Mangaldas (“CAM”) acted as the Indian legal counsel to Dr. Agarwal’s Health Care Limited
DSK Legal acted as the Indian legal counsel for JOST Werke SE (“JOST”) on the acquisition of the Hyva Group
Khaitan & Co acted as Indian Legal Counsel to Sansera Engineering Limited in relation to Qualified Institutions Placement
Khaitan & Co acted as the Indian Legal Counsel to the issuer, Vikram Solar Limited and the promoter selling shareholders